Apple expects $900 million tariff hit, Amazon sees no impact yet

Amazon and Apple‘s quarterly results managed to beat expectations, but their forecasts in the backdrop of US President Donald Trump’s tariffs raised concerns.The iPhone maker earned $24.78 billion, or $1.65 per share, in the three months to March, up 4.8% from $23.64 billion, or $1.53 per share, in the year-ago period. Revenue rose 5.1% to $95.36 billion from $90.75 billion.

Meanwhile, Amazon earned $17.13 billion, or $1.59 per share, in the March quarter, compared to $10.43 billion, or 98 cents a share, in the corresponding period a year ago. Revenue…